Vonetta Booker
$400/mo. - Good cash flow for newbie?
I'm looking at various properties for my first buy & hold rental--decent, middle-of-the road neighborhood, REOs, short sales & HUDs that are in fair condition. Is $400/mo. after expenses a decent cash flow fo...
Marc S.
Self PM for now on my 1st property
I would like to get some advice on a topic that I will be handling with my 1st property. I purchased my first out of state property and decided to self-manage for the time being. Currently there is a tenant in the p...
Michael Sjogren
Property Management Fee Question
Hey everyone, I am analyzing a deal right now for a 26 unit apartment complex. I know on larger properties (50+ units) it is common to have an onsite property manager and the fees are between 4-6% plus payroll costs f...
Silas Lambert
Shipping container homes
Does anyone have any experience on turning shipping containers into homes or multi-family homes?
Lauren Daly
Hotel to condo conversion
Has anyone run the numbers on converting a hotel into a condo?
There is a 115,000 sq ft, 15 story + basement, dilapidated hotel 1 block away from the town square in my 100k+ person city. It's selling for under $500...
N/A N/A
How much to factor for holding costs? Hard money?
Ok here is the deal,
1200 sq Ft. Frame house with (finished) basement
Property comps $100K - $140K
Asking price 60K
Financing: Hard Money
Needs: Carpet, outside siding, paint, Kitchen cabinets, and windows.
Pain...
Nat C.
Did my bathroom really need to be demolished?
I have an unusual situation.
I have a unit which needs remodeling however the bathroom was the only part which had be redone and was in good shape. The tiles were a beige and I wanted a black theme. I paid a tiler to ...
Ken Nyczaj
Splitting a SFH into two dwellings in Maryland
Hello everyone,
One of the houses I’ve had my eye on lately has the potential to be split into two separate dwellings. Currently, the house is a 4 bed 1.5 bath. And the back master bedroom was an addition built on at...
Hao Kung
First 4 plex offer/conservative analysis
Hi, I made my first offer on a 4x plex recently in las vegas. Its an older home built in the early 1970's with 4x3bd. I want to be fairly conservative with my analysis since I want a fairly big margin of safety.
Re...
Greg P.
House blew up and foundation is left - Is this a deal?
Hello, today I was offered a piece of land where the house blew up and only the foundation is left. The ARV is $170-180 in the neighborhood. I'm able to pick this up at $7,000. How much does it typically cost to bu...